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815 W Ball Street Weatherford, TX 76086

3 Beds 2 Baths 1,750 sqft Built 2020

$287,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $164.00
  • 2 Days on Market
  • MLS # : 14488576
  • Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Roxie Davidson Real Estate

Listing Agent's Description

Well appointed completed custom built home on corner lot. Magazine worthy design and amenities throughout the home.

SEE MORE

MARKET HIGHLIGHTS

  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76086

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k258k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76086

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Raymond E. Curtis Elementary School Primary Regular 716 47 6
Raymond E. Curtis Elementary School Middle Regular 716 47 6
Weatherford High School High Regular 2,238 148 6

Raymond E. Curtis Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Raymond E. Curtis Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,059
Property Tax -$611
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$487

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$287,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,055

INVESTMENT

$78,055

Down Payment
$71,750
Rehab Estimate
$2,000
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$5

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,410

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,5503$1,7604$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 815 W Ball Street Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.81
    •  
  • 106 Water Oak Lane Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2007
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 1440 Vine Street Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2017
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.08
    •  
  • 130 Hummingbird Drive Weatherford, TX 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 611 N Rusk Street Weatherford, TX 5
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2019
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
PROPERTY LISTING DETAILS
Roxie Davidson
Roxie Davidson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488576
Last Updated: 12/19/2020
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